KDNC.PL Share Price (KDNC.PL)

& in fact to correct my own post Lenigas 'retired' (as it was referenced) from all 5 of his AIM Co's on 21st Dec 2015 & Suckling was immediately appointed to take his place - the BCN farce (IMO) didn't occur until September 2016 ...

NEWS - to correct below ...

Lenigas 'retired' in 2015 & Suckling took over as Chairman later that year we didn't try to merge with with BCN until mid 2016 as I recall so Lenigas 'officially' should have had nothing to do with it ... but knowing how much of a 'Friend' he was with the BoD who knows .... Kiran who was CEO at the time (& on the board of BCN) claimed he knew nothing of the takeover bid if you believe that.

If you're going to post 'history' it needs to be correct

REM Plc started as a shell under Chairman Lenigas who started the co. Lenigas funded the drilling of SONORA lithium project because Bacanora listed in Canada had capital markets that were not favourable at the time. Lenigas then got the TESLA contract for Bacanora but on Twitter, Lenigas said the board rejected it. Seeking Alpha wrote an article to say, it is not easy for a small co like REM to get a big Tesla contract and that would have meant that FUNDING to build would likely be successful with such an offtaker. Then, there was that 5p party in London which I did not attend. Subsequent to that, everyone knew that Leni would made a takeover bid for Bacanora and he did so so at £1. But Bacanora leaked it out to the market and REJECTED it saying it was not sufficient. But promptly, accepted GANFENG's offer for Bacanora eventaully at $361m. Initial offer 67.5p on May 2021 and finally 73.6p on Aug 2021, the latter with a sweetner of Zinnwald shares thrown in. FAST FORWARD: The Mexican Govt took Ganfeng's licence at Sonora Lithium, Mexico & they have launched a international arbitration case vs Mexico. The Mexican govt said they did not want to fight Ganfeng and the Orr Estate so they want it consolidated into 1 case. Recently, CADENCE & REM Mexico filed their own case vs Mexico for Sonora [JV 30% with Ganfeng]. HAD LENIGAS NOT DONE THE SCOPING STUDY PROVING NPV, then it would be difficult to lodge a case without MATHS behind it. LCM is funded the case for Cadence on Non-Recourse ie if the case is lost, nothing for Cadence to pay. But for Mexico, their OFFICIAL TREASURY REPORT produced a VALUATION OF $600BN for SONOARA. WHAT HAS HAAPPENED TO CEO OF BACANORA? He is now into bauxite on the ASX together with Hohnen. Meanwhile, there is DONROE DOCTRINE and it is doubtful, that on the surface, Ganfeng get back their Sonora licence and 30% JV with Cadence, they could start a mine? But had LENIGAS taken over Bacanora, there would be no issue for an AUSTRALIAN to run the mine. So, all the delay meant that Mexico finally "nationalised" the licences and Observer842 said had Leni taken it over, then the mine would be up and running. Lenigas got Kiran to run REM but they changed the name to Cadence and with the new Chairman, they pivoted to iron ore ie Amapa in Brazil and this is now running along etc. So, that ends the story of REM plc. I will be entering ___REM II___ [what I think could be REM II? IMHO under Lenigas and hope for the best. Mon, 18 May 2026. Zeus has recently produced a broker report on the potential of the litigation etc for Cadence. News. A HISTORY ONLY.

I just checked my posting history on London South East.

I last posted on WSBN on 30 DEC 2025.

I last posted on WSBN on JAN 2026 via 5 posts only.

Then, I started posting on various GSCU etc and RRR , KDNC.PL in APR 2026.

TWITTER:

I have been on Twitter watching the various stocks so, I did not post on London Souther East forum.

For the avoidance of doubt:

I am STILL here as at Tues, 28 Apr 2026. I am also on Twitter.

Here we are, Mon, 27 Apr 2026, and we see the beginning of the potential outcome of SONORA LITHIUM which is now in the International Arbitration Courts in Washington vs Mexico by Ganfeng who TOOK OVER Bacanora [JV partner of REM plc].

Surprisingly and stunning to see THAT KDNC could OBTAIN non-recourse FUNDING to take Mexico to International Tribunal after Ganfeng had lodged their case. The funder is not the usual Burford but LCM. If REM Mexico Ltd loses, nothing to pay per the RNS?

REM plc went on to live another day under KIRAN MOZARIA, CEO of KDNC and a/c to the MeetCo, progress has been made and that too is progressing.

GANFENG'S CLAIM against MEXICO: Gemini said yesterday that the Sonora project is OVER $1bn but the claim is not known how much Ganfeng is claiming for but I will try to find out.

Interesting eh. I outlasted the doomers. DYOR. No warranties given for errors and typos or mistakes. Please CHECK. Only a historical account of the past.

News, Mon, 27 Apr 2026